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Citigroup’s Core Banking Business Continued to Support Top Line

Andrew Brunton
Citigroup’s Core Banking Business Continued to Support Top Line

Citigroup’s (C) Global Consumer Banking (or GCB) segment’s revenue rose 2% YoY (year-over-year) to $8.7 billion. Excluding the impact of the US dollar and the sale of the Hilton portfolio of credit cards, its revenue rose 3%, mainly driven by higher revenues in Latin America, partially offset by revenue decline across North America and Asia markets.